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“The Linked Insurance Products do not offer any liquidity during the first five years of the

contract. The policyholder will not be able to surrender/withdraw the monies invested in

Linked Insurance Products completely or partially till the end of the fifth year.”

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Key Benefits

Option to choose from

multiple Investment

Strategies

Convenient premium

payment options

Life insurance

cover

Enjoy liquidity through

partial withdrawalEnhanced protection with

additional riders

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Choice of Investment Strategy

This strategy offers the flexibility to

choose from a range of 7 power-

packed fund options that enable

you to maximize your earnings

potential

SELF-MANAGED

STRATEGY

AGE BASED

STRATEGY

SYSTEMATIC SWITCHING

STRATEGY

This strategy, allocation is done

basis Age & Risk Appetite. Based

on the Risk Appetite of the

customer i.e. Aggressive,

Moderate and Conservative,

allocation is done between Classic

Opportunities Fund and Dynamic

Bond Fund

This strategy allows to invest all or

some part of the investment in

Money Market Fund and transfer a

pre-defined amount every month

into, either Classic Opportunities

Fund or Frontline Equity Fund

based on selection

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Self Managed Strategy

Enables you to manage your investments as per your requirements.

The flexibility to choose from a range of 7 fund options:

Classic Opportunities Fund (ULIF-033-16/12/09CLAOPPFND-107)

Frontline Equity Fund (ULIF-034-17/12/09FRLEQUFND-107)

Balanced Fund (ULIF-037-21/12/09BALKFND-107)

Dynamic Bond Fund (ULIF-015-15/04/04DYBNDFND-107)

Dynamic Floating Rate Fund ((ULIF-020-07/12/04DYFLTRFND-107)

Dynamic Gilt Fund (ULIF-006-27/06/03- DYGLTFND-107)

Money Market Fund (ULIF-041-05/01/10MNMKKFND-107)

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Age Based Strategy

In this investment strategy, allocation is done basis Age & Risk Appetite.

Option to change the Risk Appetite during the policy term is available 4 times in a policy year free of cost.

This strategy cannot be opted in the last policy year.

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Age Based Strategy

Monthly Rebalancing: On a monthly basis, units shall be rebalanced as necessary to achieve the said

proportions of the Fund Value in the identified funds. The re-balancing of units shall be done on the monthly

policy anniversary.

Safety on Maturity: As the Policy approaches the Maturity date, to ensure that short-term market volatility

does not affect the accumulated savings, the total corpus will be transferred from the above funds to the

Money Market Fund during last 12 Policy months. It works as following:

Policy Month 1

1/12Proportion of units

transferred

2

1/11

3

1/10

4

1/9

5

1/8

6

1/7

7

1/6

8

1/5

9

1/4

10

1/3

11

1/2

12

1/1

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Systematic Switching Strategy

This option allows investing all or some part of the investment in Money Market Fund and transferring a pre-defined

amount every month into, either Classic Opportunities Fund or Frontline Equity Fund (as per selection).

Mechanism for Switching: Units available in the Money Market Fund shall be switched automatically into the

selected fund i.e. Classic Opportunities Fund or Frontline Equity Fund in the following manner:

where,

(i) Premium Payment Frequency is number of times premium is payable in a policy year. (ii) t is number of complete months elapsed since last premium payment due

date (iii) The above formula is applicable for both, Base Plan and Top-Up Account

Systematic Exit Strategy (SES): During the last policy year, the policyholder will have a choice to switch out of

(Classic Opportunities Fund /Frontline Equity Fund) with the accumulated corpus to the Money Market Fund

during the last 12 policy months. It works as following:

Policy Month (t+1)

(Premium Payment Frequency/(12 - (t x Premium Payment Frequency))) X the units availableat the beginning of Policy Month t

Policy Month 1

1/12Proportion of units transferred

2

1/11

3

1/10

4

1/9

5

1/8

6

1/7

7

1/6

8

1/5

9

1/4

10

1/3

11

1/2

12

1/1

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Benefits

You can opt to take your Fund Value (including Top-

Up Fund Value) as a lump sum and terminate your

policy, or you can select the Settlement Option.

Your family would receive highest of Basic Sum Assured

less applicable partial withdrawal amount (if any), or fund

value or 105% of the Premiums paid till the time of death.

Tax benefits may be available subject to conditions as

specified under the Income-tax Act, 1961. Tax laws are

subject to amendments from time to time. Customer is

advised to take an independent view from tax consultant.

To allow your investment plan to keep pace with the

changing times and varying needs of your family, you

can opt for some of our additional benefits.

1. Partial Withdrawal 2. Optional Riders

3. Switching & Premium Redirection 4. Alteration in Basic Sum Assured

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Given below is an illustration of the benefits payable to Dr. Kaul 35 years healthy male in different scenarios for a 20 year term (regular pay) with an Annual Premium of Rs. 50,000

and a Sum Assured of Rs. 5,00,000 under Self Managed Strategy with 100% investment in Classic Opportunities Fund (ULIF-033-16/12/09-CLAOPPFND-107). The illustration is an

extract of a separate, more detailed benefit illustration. For full details, please refer to the Benefit Illustration. The above figures are net of Goods and Services Tax and Cess , as

applicable. Goods and Services Tax and Cess are subject to change from time to time as per the prevailing tax laws and/or #any other laws. #The values are based on assumed

investment rate of return of 4% p.a. & 8% p.a. The values shown are not guaranteed and they are not the upper and lower limit of what you might get back as the value of your policy

is dependent on a number of factors including future investment performance. The actual experience may be different from the illustrated.

35 55

Pay Rs. 50,000$ p.a.

for 20 years

Sample Illustration

Policy Term

Benefits @8%# p.a. Benefits @4%# p.a.

End of year Age (in years) Cumulative Premium Fund Value Death Benefit Fund Value Death Benefit

10 45 5,00,000 6,62,265 6,62,265 5,31,601 5,31,601

15 50 7,50,000 11,88,079 11,88,079 8,54,991 8,54,991

20 55 10,00,000 19,01,130 - 12,18,121 -

Death Benefit will be paid

to nominee

Maturity Benefit

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Riders

Kotak Accidental Death Benefit Rider (Linked)

In addition to the death benefit as per the base plan the

Rider Sum Assured is payable in case of an unfortunate

demise of the life insured due to accident

Kotak Permanent Disability Benefit Rider (Linked)

In case of Total & Permanent disability of the life insured

due to accident, the Rider Sum Assured is payable and the

base policy continues.

Please refer to the respective Rider Brochures for more details.

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Partial Withdrawal

• Allowed after completion of five policy years and provided five full years premiums are paid.

• Minimum amount of Partial Withdrawal is Rs. 10,000.

• Minimum amount required to be maintained in the Main Account after Partial Withdrawal is equal to 50% of the total

Premiums paid till the date of Partial Withdrawal.

• Partial withdrawal from Main Account will be allowed only if there is insufficient amount in the Top-Up Accounts or the

relevant Top-Up Accounts are still in their lock-in period of 5 year from the date of Top-Up Payment.

• Partial withdrawal will be allowed only if the Life insured is a major.

• Basic Sum Assured payable on death will be reduced, in case of Partial Withdrawal from the main account Fund

value, by the amount of Partial Withdrawal made during the two year period immediately preceding the date of death

of the life insured (the Applicable Partial Withdrawals).

• However, minimum death benefit will be subject to a floor of 105% of the premiums paid less amount of Partial

Withdrawal made from the main account Fund value during the two year period immediately preceding the date of

death of the life insured.

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Settlement Option

• the Policyholder will have the option of taking maturity proceeds by way of pre-selected periodic installments (yearly,

half-yearly and quarterly only).

• The Settlement Options available are:

• Option 1 - 50% of the maturity proceeds as a lump sum and balance 50% as periodic instalments, OR

• Option 2 - Whole of the maturity proceeds as equated periodic instalments

• The instalments can be taken over a maximum period of 5 years called the Settlement Period and the first instalment

shall be paid immediately on maturity.

• Life Insured should specify mode of the periodic instalments i.e. quarterly / half -yearly / yearly

• In case of Option 1 above, after the payment of lump sum amount, 20% of the balance amount shall be

payable each year over a period of 5 years.

• In case of Option 2, the yearly installments i.e. 20% of Maturity Benefit will be payable over a period of five

years

• At the end of Settlement Period, the balance of Fund Value, if any will be paid out as one lump sum and the policy will

cease thereafter.

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Increase /Decrease in Sum Assured

• Allowed only at policy anniversaries

• Increase of basic Sum Assured is allowed without any increase in premium, subject to underwriting and

maximum Sum Assured levels.

• Decrease of basic Sum Assured is allowed without any decrease in premium, subject to minimum Basic Sum

Assured

• Premium shall not be changed.

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Discontinuance before the completion of five Policy years

• If premiums are not paid within the grace period, the Fund Value after deducting applicable discontinuance charges

shall be credited to the Discontinued Policy Fund, the life cover and rider cover (if any) shall cease.

• This Discontinued Policy Fund will earn interest rate at least equal to the minimum guaranteed interest (currently 4%

p.a.) as specified by IRDAI till the end of lock-in period (5 years from policy inception) or revival period as applicable.

• The Company shall communicate the status of the policy to the policyholder within 3 months of the first unpaid

premium and provide the option to revive the policy within the revival period of 3 years or end of Lock-in period

whichever is earlier.

• Investment Strategies will not be available if the policy is in the Discontinuance.

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Discontinuance on or after the completion of five Policy years

• If premiums are not paid within the stipulated grace period, the policy shall be converted to Reduced Paid-Up policy

and continue in such status until the end of revival period without any rider cover (if any).

• The Company shall communicate the status of the policy to the policyholder within 3 months of the first unpaid

premium and provide the following options:

• Option 1: Revive the policy within the revival period of 3 years

• Option 2: Complete withdrawal of the policy

• In case, Maturity falls within the three-year revival period, the fund value shall be payable at the end of policy term.

• Investment Strategies will be available if the policy is in Discontinuance.

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Charges

Premium Allocation Charge - This charge is a

percentage of the premium.

All PremiumsYear 1 & 2 Years 3 to 5

Years 6

onwards

6% 4% 2%

Fund Management Charge - This charge is a

percentage of the premium.

Fund Management Charge (FMC) Charge

1.35% p.a.

1.35% p.a.

1.35% p.a.

1.20% p.a.

1.20% p.a.

1.00% p.a.

0.60% p.a.

0.50% p.a.

Classic Opportunities Fund

Frontline Equity Fund

Balanced Fund

Dynamic Bond Fund

Dynamic Floating Rate Fund

Dynamic Gilt Fund

Money Market Fund

Discontinued Policy Fund

Policy Administration Charge - This charge is a

percentage of the first years’ annualized premium paid.

Annualised Premium Bands (in Rs.) Charge*

Up to 9,99,999 0.10% p.m

10,00,000 & above Nil

*Charge will not exceeds Rs. 500 p.m.

Switching Charge - The first two switches in a year are

free. Rs. 250 for every additional switch thereafter.

Partial Withdrawal Charge - Rs. 250 for each partial

withdrawal.

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Charges (contd…)

Discontinuance Charge - The Discontinuance Charges will be applicable on Main Account only and not on Top-Up Accounts.

For annualized premium up to Rs. 50,000

Year during which policy

is discontinuedYear 1 Year 2 Year 3 Year 4

Year 5 &

onwards

All Premiums

Lowest of:

• 20% of AP

• 20% of FV

• Rs. 3,000/

Lowest of:

• 15% of AP

• 15% of FV

• Rs. 2,000/-

Lowest of :

• 10% of AP

• 10% of FV

• Rs. 1,500/-

Lowest of :

• 5% of AP

• 5% of FV

• Rs. 1,000/

Nil

For annualized premium above Rs. 50,000

Year during which policy

is discontinuedYear 1 Year 2 Year 3 Year 4

Year 5 &

onwards

All Premiums

Lowest of:

• 6% of AP

• 6% of FV

• Rs. 6,000/

Lowest of:

• 4% of AP

• 4% of FV

• Rs. 5,000/-

Lowest of :

• 3% of AP

• 3% of FV

• Rs. 4,000/-

Lowest of :

• 2% of AP

• 2% of FV

• Rs. 2,000/

Nil

AP= Annualized Premium; FV= Fund Value on the date of discontinuance

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Eligibility

Eligibility Criteria

Entry Age (last birthday) Min: 0 years Max: 65 years

Maturity Age (last

birthday)Min: 18 years Max: 75 years

Policy Term 10 I 15 I 20 I 25 I 30 years

Premium Payment Term Regular: Equal to Policy TermLimited: 5 years with 10 years Policy Term

10 years with 15 I 20 I 25 I 30 years Policy Term

Mode Annual, Half yearly, Quarterly, Monthly

Annual Premium

Regular Pay

Min:

Annual Half-yearly Quarterly Monthly

Rs. 30,000 Rs. 18,000 Rs. 9,000 Rs. 3,000

Max: No Limit

Limited Pay

Min:

Annual Half-yearly Quarterly Monthly

Rs. 50,000 Rs. 30,000 Rs. 15,000 Rs. 5,000

Max: No Limit

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Eligibility (contd.)

Eligibility Criteria

Basic Sum Assured

Regular Pay

Less than 45 years = Min: Higher of 10 times AP or 0.5 *

Policy Term * AP; Max: 25 times AP

45 years = Min: Higher of 7 times AP or 0.25 * Policy Term

* AP; Max: 25 times AP

46 - 54 years = Min: Higher of 7 times AP or 0.25 * Policy

Term* AP; Max: 15 times AP

55 - 60 years = Min: Higher of 7 times AP or 0.25 * Policy

Term * AP; Max: 10 times AP

61 years and above = 7 times AP

Limited Pay

Less than 45 years = Min: Higher of 10 times AP or 0.5 *

Policy Term * AP; Max: 15 times AP

45 years = Min: Higher of 7 times AP or 0.25 * Policy Term *

AP; Max: 15 times AP

46 - 54 years = Min: Higher of 7 times AP or 0.25 * Policy

Term * AP; Max: 15 times AP except for 5 PPT which is 7

times AP

55 - 60 years = Min: Higher of 7 times AP or 0.25 * Policy

Term * AP; Max: 10 times AP except for 5 PPT which is 7

times AP

Note: AP refers to one Annualized Premium

Top-Up Premium Min: Rs. 10,000 Max: The total Top-Up premium paid shall not exceed the sum

of all the regular premiums paid at that point of time

Top-Up Sum Assured 1.25 X Top-Up Premium

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Revival

• The Policyholder shall have the right to revive a discontinued policy within three years from the date of first unpaid

premium (in case the Policyholder/Life Insured has chosen the option to revive the policy).

• Policy shall be revived restoring the risk cover (including the rider cover, if applicable) & Investment Strategy

applicable prior to discontinuance.

• All benefits will be reinstated on revival, subject to underwriting.

• The outstanding premium paid less the applicable allocation & admin charges along with Discontinued Policy Fund

value with discontinuance charge reversed will be used for purchasing the units of the segregated fund(s).

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Risk Factors

• Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk

factors.

• The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital

markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the

capital market and the insured is responsible for his/her decisions.

• Kotak Mahindra Life Insurance Company Ltd. is only the name of the Insurance Company and Kotak Ace

Investment is only the name of the unit linked life insurance contract and does not in any way indicate the quality of

the contract, its future prospects or returns.

• The various funds offered under this contract are the names of the funds and do not in any way indicate the quality

of these plans, their future prospects and returns.

• The past performance of other Funds of the Company is not necessarily indicative of the future performance of the

funds.

• Please know the associated risks and the applicable charges (along with the possibility of increase in charges), from

your Insurance Agent or Corporate Agent / Insurance Broker or policy document of the insurer.

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BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a

police complaint.

Kotak Ace Investment UIN No.: 107L064V05, Form No.: L064. Kotak Accidental Death Benefit Rider (Linked) UIN No.: 107A017V01 Form No.: A017. Kotak Permanent

Disability Benefit Rider (Linked) UIN No.: 107A018V01 Form No.: A018. Ref.No.: KLI/19-20/E-PPT/306.

This is a unit linked non-participating endowment plan. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. For

detailsonriders pleasereadrider brochure.

Kotak Mahindra Life Insurance Company Ltd.; Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 2nd Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai

- 400 051. Website: https://insurance.kotak.com Email:clientservicedesk@kotak.com. Toll Free No. - 1800 209 8800

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.

Kotak Mahindra Life Insurance Company Ltd. is a 100% owned subsidiary of Kotak Mahindra Bank Limited (Kotak). For more information, please visit the company's

website at https://insurance.kotak.com

Kotak Mahindra Group Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerate. The Group offers a wide range of financial

services that encompass every sphere of life. For more information, please visit the company’s website at www.kotak.com

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